The best performing precious metal for the week was gold, but still off 1.21%. Barrick Gold’s overall attributable gold reserves increased 10% to 76 million ounces. Operating reserves (excluding the 12 million ounces relating to the Norte Abierto project) increased...
Gold Editorials & Commentary
Gold-Eagle gold and precious metal news, market analysis and editorials from world renowned gold analysts and market experts. Stay informed with the latest news and analyses on gold prices and perspectives on the economy to guide your investing decisions.
February 21, 2023
Something like the plot of Atlas Shrugged seems to be playing out across America. In the novel, corruption and mediocrity spread through institutions including the power company and the bureaucracies charged with keeping the lights on in New York City. Eventually...
As trust in the global economy amongst the major powers continues to break down, countries in the east continue to look towards solutions that don't involve the dollar. And one of the key answers that keeps coming up is the use of gold.
February 20, 2023
Recently I was shocked after speaking with five different investors on the phone. These investors have been involved in the markets for many years, and they trade their accounts. Surprisingly, not a single one of them knew what drawdowns were, as there are two types...
Get AAPL right and you get the stock market right. That has been our mantra for years, and it has never failed us. Apple shares and the broad averages are unlikely to go their separate ways because so many portfolio managers regard the stock as they do their Patek...
Today I'm going to look at the stock market and what I think is going to unfold over the next year or two.
February 19, 2023
From the comments made back in January, Gold was 'bracing' for its first correction of this year, with that correction expected to come from our 72-day time cycle, which is the most dominant cycle in the Gold market. That decline has played out on schedule, with the...
As it’s been since August, the Dow Jones continues struggling to break above its BEV -5% line. That’s a long time. Then since early November, the Dow Jones has daily closed in a tight trading range bounded just under its BEV -10% line, and its BEV -6.50% level.
Yes, Gold's key weekly parabolic trend as anticipated has flipped to Short, but with underlying support for a safe haven port. We'll get to that, but we're really compelled to begin with this:
As investors digest the latest readings on inflation, employment, and consumer spending, precious metals markets are wavering on fears of further rate hikes.
Stefan Gleason, President of Money Metals Exchange and the Sound Money Defense League, joins Keith Weiner on the Gold Exchange Podcast to discuss the success of sound money initiatives at the state level, a critical bill in consideration in Wyoming, and how you can...
February 18, 2023
Our proprietary cycle indicator is DOWN. GLD is on short term sell signal. GDX is on short term sell signal.
When gold was trading above $2000 oz. in the summer of 2020 the yellow metal was receiving its fair share of attention. After a low point just under $1050 oz. in December 2015, the gold price had doubled in four and one-half years and bullish optimism was at fever...
Looking at gold from the short-term point of view, we see that it paused for a brief moment at its 38.2% Fibonacci retracement level. Some will even say that there was a “big reversal”…
February 17, 2023
When gold broke above $450 in 2005, prices never looked back. I see a similar outcome as possible when gold prices break above $2000, once and for all.
We've had a failed bullish engulfing candlestick on the miners. Stocks like Tesla are popping, and defense stocks could be breaking out (with natural gas close behind).
Gold has been hammered lower in recent weeks by what looks like heavy gold-futures selling. Normally these hyper-leveraged speculators’ positioning data crucial for gaming gold trends is reported weekly. But unprecedentedly as far as I know, that has gone dark...
As I first noted here a couple of months ago, despite the Fed’s aggressive rate hike campaign over the past year, the funds rate remains below CPI. As such, it’s hard to call current policy “hawkish” in the context of history.
February 16, 2023
Fragility has probably never been greater in history. Just three encapsulate the destiny of the world. The THREE words are: WAR, DEBT, ENERGY
While the Fed continues to raise interest rates in the US as it hopes for a soft landing in the economy, the larger risks to the dollar system continue to emerge.
February 15, 2023
In all likelihood – yes. Then it’s likely to slide more – much more. With this pace (chart courtesy of GoldPriceForecast.com), gold could move below $1,800 in no time.
In my last public article on gold, I outlined my expectations for a rally to the $2,428 level. And, as I write this article now, gold is finally giving us the pullback I wanted to see to set up the rally towards that target.
If you listen to financial pundits talking about the Federal Reserve and the current state of the markets you might hear this term mentioned: “Demand destruction.” What is it? And what does it mean for you and me?
In this latest conversation with Elijah Johnson of Liberty & Finance, Matterhorn Asset Management principal, Matthew Piepenburg, ties together the evolving themes of debt, credit market distress, currency failures and gold pricing.
February 14, 2023
Today is Valentine’s Day. It’s also CPI report day. On this interesting day, will there be love for gold?
Last week I wrote that the stock market had veered away from the course of a mega-bear market. The rebound in the stock market has triggered several breadth thrusts, which (usually after a correction or bear market) signal more upside in the immediate future. It is...
Over the last 5 months since the October 13 low, the market has reacted in surprising fashion to many of the CPI and PPI reports. For example, while the October 13 CPI published report was expected to cause a 5% decline in the market, the market actually struck a...
Regal Assets, a somewhat prominent gold and silver dealer in southern California, is in serious trouble based on news released last week. Tyler Gallagher, the firm's high-flying owner, has reportedly vanished... perhaps to avoid arrest and prosecution.
Michael Pento shares his outlook on the state of the economy and why he's bullish on precious metals. Find out why he believes the bond market is already broken and why corporate debt levels are becoming concerning. Discover why he thinks investing in gold mining...
Last weekend we looked at the US dollar which was beginning to show some strength as it is trying to find a bottom after a pretty hard selloff which can affect many different sectors in the markets. Today I would like to focus on the TNX, 10 year bond yield, as it...